It’s going to be a bumpy ride over the next 24 hours, or perhaps even longer, as we finally find out who the next president of the United States will be.
The race is neck and neck, and the outcome could very well impact financial markets, especially as we head into the U.S. open.
Risk sentiment is looking up across the board: currencies are higher against the dollar, U.S. equity futures are pointing to a positive open, and commodities are up as well.
Earlier today, the RBA left rates on hold as widely expected, while sounding a bit more hawkish than the market had anticipated.
Meanwhile, the RBNZ warned that New Zealand is experiencing a pronounced economic downturn that could worsen.
Looking ahead, we’ll get trade data from Canada and the U.S., the U.S. ISM Services report, the Bank of Canada summary of deliberations, ECB President Lagarde’s speech, and of course, updates on the U.S. election.
For the exact date and time of these major economic events, import the BlackBull Markets Economic Calendar to receive alerts directly in your email inbox.
